Aluminum Powder Market, by Type (Spherical Aluminum Powder and Non-spherical Aluminum Powder), by Process (Atomized Aluminum Powder and Flake Aluminum Powder), by Application (Photovoltaic Electronic Paste, Paint & Pigment, Refractory Materials and Others (printing inks etc.)), by End-use Industry (Industrial, Automotive, Chemical, Explosives, Fireworks, Building and Construction, Defense & Aerospace and Others (packaging etc.)), and by Region (North America, Latin America, Asia Pacific, Europe, and Middle East & Africa)- Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030
Increasing use of aluminum powder in technological industries, along with its easy availability and affordability, have all contributed to growth of aluminum powder market. Aluminum is used for several applications such as manufacture of slurry, explosive and detonators. Also used in thermit process to manufacture ferro alloys and for specialized welding applications such as rails. It is also utilized in pyrotechnic to manufacture crackers, sparkles and other pyrotechnic products.
Market Dynamics
Aluminum powder has a longer lifespan than other metals due to its corrosion resistance and ease of recycling, making it a highly durable product. Due to its ability to reflect light, aluminum powder is also being used more frequently as a pigment. These are a few of the additional factors that have helped growth of aluminum powder market.
Furthermore, companies in a variety of industries, such as construction and aerospace, are favoring the use of lightweight materials, such as carbon fibers. This factor is driving up demand for aluminum powder in these industries, which is leading to revenue opportunities in the global aluminum powder market.
Key market players are focusing on product launches, product portfolio expansions, mergers, acquisitions, and partnerships in order to expand their business in market. For instance, in August 2020, Jindal Aluminum, the largest aluminum extruder in India. had announced the launch of powder coating services to augment its product offerings in the architectural and industrial applications. The one of its kind environment-friendly powder coating technology is capable of achieving 1/1000 mm level of accuracy. The process involves powder dispersion, electrostatic charge and curing. It gives the buyer one of the most durable color and long-lasting quality finish aluminum, resistant to fading, scratching, wearing, and peeling.
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